Uddrag fra SEB analyse af Konsolidator
The journey demands cash Konsolidator is likely to remain loss-making for a number of years and we forecast that the company will not be profitable before 2026. In the meantime, Konsolidator will have to raise cash to fuel its growth. Since the IPO, which provided DKK 19m of cash to the company, Konsolidator has raised funds in two instances: a share issue injecting DKK 30m in April 2020 and DKK 25m in a convertible loan in August 2021.
Our forecasts suggest that if Konsolidator plans to finance growth without debt (which we believe is most likely), it will have to raise up to DKK 100m in cash over the next four years, before becoming profitable in 2026.
We have not included share issues in our forecast due to the uncertainty of size and timing, but we believe the company is likely to issue shares at least a couple of times before 2026. Below we illustrate the cash need/net debt up to 2030.
